We found 11 online brokers that are appropriate for Trading UK.
The recession period is not over yet. The economic crisis in the UK still exists, even though growth has been on record recently, following the Corona Pandemic. Times are hard, and the economy is not really doing as well as was assumed or talked about earlier.
What we usually see when we find the economy of a country growing is citizens becoming slightly more wealthy as the value of goods and services increases. This is measured by Gross Domestic Product (GDP).
However, the value of goods and services does not always increase. Sometimes a fall in value is seen. If this fall continues for three consecutive quarters, it is considered a recession.
In the first two quarters of this year, an economic crisis was noticed in the UK as the GDP dropped sharply. In fact, it was the worst recession in the country, since 2009.
Economic growth is always desired. It is good for everyone, as more jobs are created and companies become more profitable. Shareholders and employees are paid more than they were before, and the government gets more taxes that they can spend on public benefits. So, economic growth is always a good thing. If the economy shrinks or goes downward, these things are reversed.
After the first two quarters of economic crisis in the UK, the third quarter saw a growing economy. This technically means the recession is over. The growth in the July-September quarter was 15.5 percent. This would be something extraordinary, if the times were considered to be 'normal'.
However, the captured figure is between the economy shutting down during the beginning of the Corona Pandemic and reopening again in thesummer. Shops and restaurants have reopened after months of shutdown, and people have started going back to work, taking holidays, and as a whole, stepping out of their homes. They are spending money, but economic activity is not close to what was in 2019.
There is a difference, or gap, between last year's economic performance and where it is today. Even though the recession is considered to be over, the 9.7 percent economy is in fact smaller compared to 'pre-pandemic' times.
It should be carefully watched to see whether the country is entering into a recession phase again. The recovery in September has slowed down. And, it is believed that when the data is published in the public domain, the figure for the October to December quarter could reveal a falling GDP.
If the upcoming quarter also sees falling GDP, it can be said that the country is heading into a second recession, or a 'double-dip recession'.
Besides all this, the Bank of England is expecting growth in 2024, and recovery should be strong, if the vaccine is effective.
The UK economy is doing worse than most of the other major economies in the world. The economy here has decreased 9.7 percent as compared to the pre-Corona Pandemic. In the United States, this figure is 3.5 percent. In France, Germany, and Spain the figure is 4.1 percent, 4.2 percent, and 9.1 percent respectively.
A forecast of the 'International Monetary Fund' reveals that the global economy may shrink by 4.4 percent this year. About three months ago, that figure was higher.
Some lose jobs, some suffer no promotions, and some see no pay raise. Finding a first job becomes harder for graduates. Inequality increases because the pain is not equally felt across society.
The 2008 recession lasted for five quarters, and the fall of GDP was about 7.2 percent over that period. There was a rise in unemployment and a massive deficit was seen. The government raised taxes, but spending on public services was reduced. The national debt was almost doubled, and there were cuts in government spending across various segments.
A vaccine can pave the way to recovery. This will possibly be the biggest boost to the economy. Meanwhile, governments are trying to protect jobs and support businesses by borrowing funds to pay for schemes.
Is the recession period over, or is the UK heading towards a second recession? These questions are well-argued as, after a slight recovery, the economy has again slowed down.
Shops and restaurants have reopened. People have started stepping out of their homes. Spending has increased. These are some signs showing that the country has overcome the recession period. The Bank of England is expecting further growth in 2024.
In this article, titled 'Economic Crisis UK', we discussed several aspects of the UK economy. It is hoped that the country is not getting engulfed in another recession. Moreover, let us hope that the vaccine is effective and the Coronavirus will eventually get under control.
We have conducted extensive research and analysis on over multiple data points on Economic Crisis UK to present you with a comprehensive guide that can help you find the most suitable Economic Crisis UK. Below we shortlist what we think are the best UK brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Economic Crisis UK.
Selecting a reliable and reputable online UK trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade UK more confidently.
Selecting the right online UK trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for UK trading, it's essential to compare the different options available to you. Our UK brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a UK broker that best suits your needs and preferences for UK. Our UK broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top UK Brokers.
Compare UK brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a UK broker, it's crucial to compare several factors to choose the right one for your UK needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are UK brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more UK brokers that accept UK clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare UK Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top UK Brokers for 2024 article further below. You can see it now by clicking here
We have listed top UK brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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